Societe Generale Group Bank to Issue DLT ETN

London-based Kleinwort Hambros announced exchange traded note will be used to invest in companies that can profit with blockchain technology
08 April 2019   247

Kleinwort Hambros, a private bank and asset manager that is part of the Societe Generale group, has launched a blockchain-oriented exchange traded note (ETN) with active management.

London-based bank announced that ETN, listed in Luxembourg, will be used to invest in companies that can profit from the development and distribution of blockchain technology.

Initially, ETN will include 20 shares, distributed across technology, logistics, oil and gas, custodial and industrial sectors.

We have seen increasing interest from clients in the area of blockchain and we are very excited to be able to cater to this demand with the launch of our first blockchain note. We have built an innovative product which will provide our clients with the diversified exposure to the promising growth prospects blockchain technology offers, while maintaining the rigorous active management our clients expect.
 

John Birdwood

Portfolio Manager, Kleinwort Hambros

The product is available only to current and future customers of the bank, and the minimum investment amount in it is £ 1 000.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   99

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.